In honor of thanks giving I will keep this short and sweet as I know most are anxious to start the festivities early. But first, I'd like to wish all of you a happy thanksgiving even if you are not in the US. This is a holiday that is apt for any community. It's time to look around and count the blessings and see how they counter balance the challenges. I make a special effort to do that on days that seem tough at first but with a quick account of all that is right, suddenly the day is not so bad. Gobble Gobble...

Markets shrugged off an iffy start and staved off a few sell off efforts to close green led up by the Nasdaq. The Dow was weakest barely green. Leaders today were Apple, HPQ and a lot of momentum stocks like Twitter and Gopro. One thing we know is that those frothy names (the momentum stocks) have not been able to maintain a run 2 days straight. Basically today was the same story as yesterday EXCEPT for Apple. Bonds were strong and rates weak the combination of which should have been market bearish yet we rallied. Bulls are in control.

Important note about the ECB: If I understand the ECB VP news blurb today, the bond buying will commence in Q1 of 2015 regardless if Germans want it or not. If true then this is hugely bullish. My impression was that ECB NEEDS the German permission before they are ABLE to do QE. Yet markets did not rally as hard on such news. Just an observation.

Friday we come into the market to trade the Opec decision. So there is no sense trying to guess how we open on Friday. I will update us on the new levels. So far the bulls have remained in complete control. Of note is that the S&P (ES) was not able to reach the highs from 11/25 pre-open and again today's pre-open. They are doing it now as I type this note though.

Friday we get Euro economic reports notably inflation and unemployment. These are important because they could affect the validity of Draghi's argument for QE sooner rather than later. There good news will be bad news and vis versa.

• Apple almost lost it today. I walked it down to 118 and another few pennies lower and it could have gone to 117 but in come buyers to levitate it and markets along with it to close +1.19%. That accounts for .16% of the +.69% up in NDX.
• Google playing along with our expectations but not the technicians on twitter. They were looking for a breakout.
• PCLN too disappointed technicians possibly in sympathy move with a sell off in CTRP.
• Gopro whispers are that they are working on their own drone. This excites me for Gopro. Review the video I posted on gpro for a visual then consider this: it's in the middle of the triangle. I am watching 2 point. 1) 85 and 2) 72. These are the limits of a tightening trend. Once it gets to either of those and breaks either, it could have a run from there. So far it looks like it wants higher. Debit call spread could work out for now. The vid covers more details
• Almost same story for Facebook. Video also available. It bounced off lower end of red pattern. Could be headed to fill gap so 80 is in sight. Then shortly there after it COULD revert back down. Credit put spreads could finance a bullish debit call spread position to benefit from the runup. 70 or lower is where i would dare put the credit put spread.

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• Twitter: I ran out of time but wanted to try debit call spread (bullish) for December or Jan at or just above the open gap so 46/47ish. I spend .10ish to potentially profit .8 or .9

Enjoy the day off,

Nic.